In this regard, industry insiders pointed out that business loans, consumer loans and so on. Illegal entry into the property market under the cloak of physical financing will lead to the "detachment from reality" of social funds, and the problem of "difficult and expensive financing" for small and medium-sized enterprises is even more severe. It will also promote investment speculation and leverage speculation in the real estate market. As a bank, once the credit fund is found to be illegal, it can be required to repay the loan in advance. "Lending" is a big blow to real estate speculators.
Comprehensive self-examination of local banks in Shanghai
The Guidelines point out that in order to implement the requirements and key tasks of the People's Bank of China's credit policy in 20021year, financial institutions within their jurisdiction will be guided to further optimize the credit structure and effectively enhance their ability to serve the real economy. In 20021year, financial institutions within their jurisdiction should continue to do a good job in financial support to stabilize enterprises and ensure employment, and continue to improve the financial service capabilities of small and micro enterprises and private enterprises; Strengthen financial support for scientific and technological innovation, manufacturing and green low-carbon industries; Actively serve the implementation of the national strategy of high-quality integrated development in the Yangtze River Delta, support the development of key industries in Lingang New Area, give play to the role of G60 Science and Technology Innovation Corridor as a regional cooperation platform, and strengthen the integration of industry and finance; Continue to serve the implementation of the rural revitalization strategy, increase support for all kinds of entrepreneurs, and further improve people's livelihood financial services.
The Guidelines also emphasize that financial institutions should reasonably control the growth rate and proportion of real estate loans, strictly implement differentiated housing credit policies, give priority to the first set of self-occupied buyers, strengthen the management of personal housing loans, and strictly examine the authenticity of personal information of lenders, effectively preventing consumer loans and business loans from illegally flowing into the real estate market.
Previously, Shanghai Banking Insurance Regulatory Bureau issued the Notice of Shanghai Banking Insurance Regulatory Bureau on Further Strengthening the Management of Personal Housing Credit, requiring all commercial banks to conduct a comprehensive self-examination of consumer loans, business loans and personal housing loans issued since June 2020, and submit a self-examination and rectification report to Shanghai Banking Insurance Regulatory Bureau before +0 on February 28, 2026. The next step will be to take regulatory measures according to law for the problems found in violation of laws and regulations.
Li, chief researcher of Guangdong Housing Policy Research Center, believes that business loans, consumer loans and so on. Illegal entry into the property market under the cloak of entity financing will lead to social funds "divorced from reality" and small and medium-sized enterprises "difficult and expensive financing". The problem is even more serious. In addition, it also promotes investment speculation and leveraged speculation in the property market, which violates the top-level design of "housing and not speculating", which is absolutely not allowed by the regulatory authorities. Strict investigation of operating loans and more effective implementation of the second-hand housing guidance price policy will form a deleveraging effect in the property market, which will help control the price of new houses and form a joint force of supervision.
Many places strictly control the illegal flow of credit funds into the property market.
China securities journal reporter found that in addition to going overseas, Hangzhou, Hainan, Guangzhou and other hot spots in the property market have also clearly controlled the illegal inflow of consumer loans and business loans into the real estate market.
On March 3, the Office of the Leading Group for the Steady and Healthy Development of the Real Estate Market in Hangzhou issued the Notice on Further Regulating the Order of the Real Estate Market, clearly and strictly preventing the illegal inflow of business loans and consumer loans into the real estate market. It is strictly forbidden to issue personal business loans and consumer loans used to pay down payment for house purchase or repay down payment loan funds, strictly examine the authenticity of personal business loans and consumer loans, and strengthen post-loan fund management.
Many market observers pointed out that if consumer loans and business loans are illegally used for property market transactions, banks have the right to demand early return. Premature "lending" is a deterrent to investors. After Hangzhou issued a document, many investors began to wait and see, the owners were unwilling to cut prices in a short time, and the transaction of second-hand real estate showed a more obvious decline.
The person in charge of personal loan risk control of a state-owned bank told china securities journal that all major banks have relatively perfect risk control systems and strict inspection systems for the flow of business loans and consumer loans. If you buy a house or stock in violation of regulations, the system will prompt you accordingly. Once strictly controlled, as a bank, it can respond quickly in a short time.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, believes that the core reason why operating loans flow into the property market is the spread of mortgage loans, which has a lot to do with banks being both athletes and referees in the loan process. From the bank's point of view, the risk of operating loans is relatively higher than that of mortgage loans, but the interest rate of operating loans is lower than that of mortgage loans under the policy requirements, so the implementation of banks is distorted, which encourages operating loans to enter the property market in disguise.
Zhang Dawei said that recently, some acts of issuing commercial loans with new houses and newly registered enterprises in a short period of time have been severely cracked down. The strength of this policy can definitely curb the overheating of the market, let operating loans return to the essence, help enterprises operate, and to some extent curb the irrational and unhealthy development of the entire property market.